Market Summary

INDICES

Resource Commodities

Name

Last

Change

Gold

1305.49

0.92%

Silver

16.68

1.38%

Copper

3.06

0.060

Platinum

912.49

0.71%

Oil

71.84

0.50%

Natural Gas

2.91

0.21%

Uranium

22.88

0.00%

Zinc

1.38

0.00%

Canada’s westernmost province and two territories have long attracted mineral explorers and developers lured by the region’s rich natural endowment, substantial infrastructure and pro-mining government policies. The following is a look at eight such juniors active in B.C., the Yukon and the Northwest Territories.

British Columbia

COLORADO RESOURCES

Colorado Resources (TSXV: CXO; US-OTC: CLASF) is a technically oriented junior explorer best known for its KSP and North ROK gold-copper properties in the southern portion of the Golden Triangle region of northwest B.C. between the Eskay Creek and Snip mine properties. It also has its Kinaskan-Castle and Kingpin properties in the area, plus an option on the Green Springs property in Nevada from Ely Gold & Minerals.

Overall the junior holds 1,200 sq. km of claims in the Golden Triangle.

Colorado completed over 200 sq. km of geology mapping in the area between 2014 and 2017, and developed better understanding of the regional stratigraphic and structural setting.

Colorado drilled 68 holes at KSP in 2017 for a total of 11,800 metres of NQ diamond drill core that tested multiple target areas within the Inel-Khyber zone, as well as the new Tami copper-gold zone, 5 km southeast of Inel-Khyber, with 11 drill holes.

Vancouver-based, Gregory Beischer-led Millrock Resources (TSXV: MRO; US-OTC: MLRKF) bills itself as a prospect generator, and has 25 active projects, including five in Alaska, three in B.C., 16 in Mexico and one in New Mexico.
Its emphasis has been on gold and copper, focusing on porphyry and high-grade, vein-style deposits.

Todd Creek is in a similar geological setting in the Golden Triangle, and Millrock seeks to bring in an option partner to carry out more grassroots work.

The nearby Willoughby property is also subject to an option agreement with Sojourn.

Millrock notes that exploration expenses on its properties in 2017 exceeded US$5 million, of which 90% was funded by partners through earn-in option agreements. Exploration work was completed on nine projects and two new earn-in partners were brought in. Millrock says revenue from property payments and exploration management fees helped offset its overhead costs.

Walter Storm’s Tudor Gold (TSXV: TUD; US-OTC: TDRRF) is active in B.C.’s Golden Triangle region within the Mctagg anticlinorium mineralized belt where Pretium Resources (TSX: PVG, NYSE: PVG) and Seabridge Gold (TSX: SEA; NYSE: SA) also have advanced projects. Tudor says the emerging area is “similar historically to the early days of other significant global discoveries and may become one of the premiere metal-producing areas in the world.”

It notes that recent glacier abatement has “opened up previously covered areas revealing exposed mineralization never seen before,” and that infrastructure improvements in the mining-friendly jurisdiction add to the project’s appeal.